Trust converted to LLC

[Max W]

Trust ended 07-31-17 and assets (rental property) were rolled into an LLC, or so the client thought.

Checking the state records showed that the LLC (CA) was not filed until Feb 8, 2018.

So now, there is a gap of 6+ months, between the two entities, that has to be filled.

I think the only option is a fiscal year partnership and then a calander year LLC from Feb 8.

The original trust beneficiaries were a 3 member LLC and an individual.  

Thanks for any ideas and comments.

 

[Abby Normal]

Not sure about the rules or a fiscal year partnership with calendar year partners, but overall doing a partnership return until the LLC partnership was created seems like your only option.